BTC can only get better: introducing the Smart Network

[Wind_FURY]

OP, you underestimate Bitcoin’s network effects. You believe that Bitcoin’s price would fall? If Bitcoin’s price crashes, ALL cryptocurrencies’ price would crash. Bitcoin has become a household name, and from a technological standpoint, it’s a multi-generational protocol, thanks to the design decisions made by the Core developers. Shitcoins will fail.

[topcoin360]

Bitcoin isn't more secure than other payment systems that are way less expensive.

Bitcoin is more secure than both centralized and decentralized options.

Hmm I'm not so sure about it.. I think there are other (centralized) payment systems that are as secure as bitcoin if not even more...

If btc can't compete with other payment services then it's almost a 100% sure that the price will fall at some point (not my assumption, no utility means no demand). Be aware that the network's hashrate can drop regardless of the value of the coin.

The utility that bitcoin offers is a censorship resistance currency that can be used globally with a very fast speed. Other payment systems don't have any of that.

That's a good point but is it the only use case? If people have to convert their btcs into fiat and vice versa then it's no longer censorship resistant or fast.

OP, you underestimate Bitcoin’s network effects. You believe that Bitcoin’s price would fall? If Bitcoin’s price crashes, ALL cryptocurrencies’ price would crash. Bitcoin has become a household name, and from a technological standpoint, it’s a multi-generational protocol, thanks to the design decisions made by the Core developers. Shitcoins will fail.

No, I want to prevent that from happening. If the only thing people can do with their coins is to sell them then I'll let you guess what they'll do.. and yes in this case there will eventually be more sellers than buyers so the price will fall and people may go for an altcoin that has a little more utility...

[Wind_FURY]

OP, you underestimate Bitcoin’s network effects. You believe that Bitcoin’s price would fall? If Bitcoin’s price crashes, ALL cryptocurrencies’ price would crash. Bitcoin has become a household name, and from a technological standpoint, it’s a multi-generational protocol, thanks to the design decisions made by the Core developers. Shitcoins will fail.

No, I want to prevent that from happening. If the only thing people can do with their coins is to sell them then I'll let you guess what they'll do..

But is it the only thing that people can do with their Bitcoins? ALL crypto-merchants accept Bitcoin. People actually use them to buy something, like Heroine, or play in a casino, or buy fake ID.

and yes in this case there will eventually be more sellers than buyers so the price will fall and people may go for an altcoin that has a little more utility...

ZOOM OUT. How much was it during 2010? How much was it yesterday?

[topcoin360]

No, I want to prevent that from happening. If the only thing people can do with their coins is to sell them then I'll let you guess what they'll do..

But is it the only thing that people can do with their Bitcoins? ALL crypto-merchants accept Bitcoin. People actually use them to buy something, like Heroine, or play in a casino, or buy fake ID.

Even criminals won't use btc because it is too slow and expensive and a lot of merchants won't accept it for those reasons. Look the only way out is a smart network to bring down the cost per transaction without any compromise to the network's security.

and yes in this case there will eventually be more sellers than buyers so the price will fall and people may go for an altcoin that has a little more utility...

ZOOM OUT. How much was it during 2010? How much was it yesterday?

Many technologies have lasted more than 11 years before disappearing, bitcoin is supposed to be used as a medium of exchange, it's not a ponzi scheme.

[fyeth finance]

What if the rest of the money is exploited?